| Cubic Energy, Inc. Acquires $30,952,810 in Drilling Credits (GlobeNewswire) DALLAS -- Cubic Energy, Inc. announces that it has entered into transactions with Tauren Exploration, Inc. and an affiliate of Tauren, both of which are entities controlled by Calvin Wallen III, the Chief Executive Officer of the Company, under which Cubic has acquired $30,952,810 in pre-paid drilling credits applicable towards the development of its Haynesville Shale rights in Northwest Louisiana. us.rd.yahoo.com |
Tortoise Energy Infrastructure will issue $60 million in notes, redeem auction-rate securities Tortoise Energy Infrastructure Corp. plans to issue almost $60 million in private placement senior notes so that it can redeem auction-rate securities that bear a higher interest rate. (TYG) bizjournals.com |
EcoFactor raises $2.4M EcoFactor Inc., a Redwood City-based developer of energy management systems, announced Monday it closed a $2.4 million financing deal led by Claremont Creek Ventures. The infusion of capital will help EcoFactor accelerate commercial deployment of its residential energy management solution, which monitors outside temperature and other factors and automatically adjusts a home’s thermostat. bizjournals.com |
Pennsylvania oil-and-gas company sanctioned A Pennsylvania oil-and-gas company has agreed to a cease-and-desist order for allegedly violating Colorado securities registration rules, state Securities Commissioner Fred Joseph said on Thursday. bizjournals.com |
Akermin raises $10M Akermin Inc. said Tuesday it raised $10 million in its Series B financing round and will use the new funds to develop and bring to market its carbon-capture system for power plants. bizjournals.com |